Constitutional economics

Constitutional economics is a program of joint study of economics and constitutionalism. It is often described as "the economic analysis of constitutional law." Constitutional economics tries to explain the selection of constitutional rules "limiting the choices and activities of economic and political agencies." This is different from the approach of traditional economics.^[1] Also, constitutional economics studies how well economic decisions of the state agree with the existing constitutional economic rights of its citizens."^[2] For example, proper distribution of economic and financial resources of the state is a big question for every nation. Constitutional economics tries bringing together constitutional economic rights of the citizens and economic policy of the state.^[3]

1. ↑ Backhaus, Jurgen G. (2005). The Elgar Companion to Law and Economics. Edward Elgar Publishing. ISBN 978-1-84542-550-0.
2. ↑ "Peter Barenboim, Constitutional Economics and the Bank of Russia, in Fordham Journal of Corporate and Financial Law, 7(1), 2001, p. 160" (PDF). Archived from the original (PDF) on 2011-07-19. Retrieved 2011-03-04.
3. ↑ Peter Barenboim, Natalya Merkulova. "The 25th Anniversary of Constitutional Economics: The Russian Model and Legal Reform in Russia, in The World Rule of Law Movement and Russian Legal Reform Archived 2020-09-12 at the Wayback Machine", edited by Francis Neate and Holly Nielsen, Justitsinform, Moscow (2007)